AUS
NZ
UK
CA
USA
IND
Highlights
- The Next Fifteen Communication Group Plc has confirmed that it is in talks regarding the potential acquisition of Engine UK.
- The communication group has a strong track record of acquiring high-performing businesses and offers the opportunity to take advantage of its global operational infrastructure.
UK-based technology and data-driven growth consultancy company Next Fifteen Communication Plc (LON: NFC) is in news again after it confirmed that it is in talks to take over advertising and communications firm Engine UK.
The acquisition
The Next Fifteen Communication Group Plc, which has long pursued a buy and build strategy, has confirmed that it is in advance talks in relation to the potential acquisition of Engine UK. Engine UK is a firm that builds and manages reputations, creates exceptional marketing campaigns and experience. It intends to build the platform and technology to bring them to life. The company said that there is no confirmation yet about the acquisition or what will be the terms and conditions.
The company has a strong track record of acquiring high-performing businesses as it offers opportunity to take advantage of its global operational infrastructure and centralised resources.
Outlook
The company’s total revenue was up by around 38% in Q3 2021, with organic growth of 26%, as compared to the same period a year before (2020). This resulted in revenue for the nine months to grow by 34% year-on-year in the first nine months to 31 October 2021. The company recently upgraded expectations after a strong Q4 performance till 31 January 2022. The full-year results will be published in the first week of April 2022.
The technology and data-driven growth consultancy aims to deliver above-market growth, and in the last five years its revenues have grown by 106%. It is also aiming to double the size of the business in the coming five years, which will be driven by the strength of its customer relationship, quality of businesses, strong data, tech and digital tailwinds and the support its model offers them.
Also Read: Standard Chartered (STAN) raises profit goals: Is it a good buy now?
Share price performance
Next Fifteen Communication Plc operates through five independent communication brands, including Text 100, OutCast Agency, M Booth, Bite and Lexis, across North America, Europe, and Asia Pacific. The company has long-term customer relationships with many leading companies such as Meta, Google, Microsoft, Amazon, American Express, IBM, and Procter & Gamble. The company is listed on the Alternative Investment Market (AIM) of the London Stock Exchange since 31 March 2005.
The company’s market cap stood at £1,099.81 as of 21 February. Next Fifteen communication Plc’s shares were trading at GBX 1,200, up by 1.27% at 9:15 AM (BST) on 21 February 2022.
Note: The above content constitutes a very preliminary observation or view based on industry trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
